Helping investors discover, understand, and stay up-to-date on market news and investment opportunities within the Psychedelic industry.
Performance of psychedelic public companies this past week.
Silo Wellness ($SILO | $SILFF) entered into a definitive agreement to acquire Dyscovry Science and their psilocybin pharmaceutical biosynthesis and research portfolio. Dyscovry intends to develop a biotechnological process for the production of psilocybin and their potentially novel molecule derivatives. Press Release
Tryp Therapeutics ($TRYP | $TRYPF) filed two new provisional patent applications for the use of psilocybin for the treatment of patients with fibromyalgia and for crystalline forms of TRP-8803. Tryp is preparing for a Phase IIa clinical trial in collaboration with the University of Michigan to investigate safety and efficacy of psilocybin-assisted therapy among patients with fibromyalgia. Press Release
Psyence Group ($PSYG | $PSYGF)successfully exported medical grade psilocybin mushrooms to Psilo Pharma through their research partner in Portugal. Psyence operates one of the first federally licensed commercial psilocybin production facilities in the world. Press Release
Cybin ($CYBN) entered into an agreement with Mindset Pharma to acquire an exclusive license to a novel catalog of psychedelic-based compounds. Press Release
Mind Medicine ($MNMD | $MMED) announced a proposed public offering of 7,058,823 common shares with accompanying warrants. The combined offering price of each common share and warrant is $4.25, with gross proceeds from the offering expected to be approximately $30 million. Press Release
atai Life Sciences ($ATAI) received regulatory and ethics approvals required to initiate participant enrollment for their Phase I study of EMP-01, a MDMA derivative being developed as a potential treatment of PTSD and other indications. Press Release
Wellbeing Digital Sciences ($MEDI | $KONEF) subsidiary KGK Sciences opened their new Clinical Research Center in London, Ontario, with the aim to accelerate their clients’ research and drug development needs in the nutraceutical, cannabinoid, hemp and psychedelic space. Press Release
Core One Labs ($COOL | $CLABF) entered into a Letter of Intent with Medelys Laboratories International to manufacturing their proprietary psychedelic active pharmaceutical ingredient products. Press Release